Select an amount of money that you would like to invest for

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Reference no: EM13469789

Select an amount of money that you would like to invest (for example $1000.00). This will be your P0 value.

Let your interest rate be k = 0.5%.

Write out the exponential function using the P0 and k values you have.

Determine the value of your investment after 1, 5, and 10 years.

Now, find the doubling time T for your investment. In other words, at what time would your initial deposit double in value?

Repeat steps 3 through 5 for k = 1%.

Repeat steps 3 through 5 for k = 1.5%.

Reference no: EM13469789

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